The Inter-American Development Bank’s energy portfolio includes a wide array of investments aimed at improving the energy security of its member countries by exploiting both conventional and renewable sources.
In 2007 the Bank approved US$2.5 billion in energy-related operations. Many of these loans will support high-priority gas and electricity infrastructure projects. For example, the IDB approved:
A US$32.7 million loan for a wide-ranging investment program to strengthen Nicaragua’s electricity system.

The Inter-American Development Bank was created in 1959 to help accelerate the economic and social development of its member countries in Latin America and the Caribbean and to promote regional integration.
The Bank has 47 member countries: 28 in the Western Hemisphere, 16 in Europe, as well as Israel, Japan and the Republic of Korea. The Latin American and Caribbean countries as a group hold half the shares in the institution.

This IDB initiative applies sustainable market-based strategies to bring the benefits of economic and social development to the majority of the population in Latin America and the Caribbean, reaching more than 360 million people—around 70 percent of the population—who live on less than US$300 per month.
This low-income sector has not benefited substantially from the region’s recent economic growth, and meeting its needs requires new investment approaches from both the public and private sectors to make a positive impact from which all will benefit.

The Inter-American Development Bank, the main source of multilateral development financing for Latin America and the Caribbean, plans to allocate US$12 billion for infrastructure projects in the region by 2010.

The Inter-American Development Bank was created in 1959 to help accelerate the economic and social development of its member countries in Latin America and the Caribbean and to promote regional integration.
The Bank uses its own resources and those it raises on financial markets. In 1994 its authorized capital was increased by $40 billion to $101 billion.

While Latin America and the Caribbean have seen marked improvements in their social indicators, including life expectancy and education, over the past five decades, the proportion of people living in poverty has not varied greatly. Today some 360 million people – roughly seven out of 10 inhabitants of this region – live with annual incomes of less than the equivalent of $3,260.

The Inter-American Development Bank targeted $1.8 billion to social development investments in Latin America and the Caribbean in 2006, with an emphasis on poverty reduction and expanding opportunities for the majority.
The IDB last year launched its Opportunities for the Majority initiative and renewed its commitment to support its member countries in the region to achieve the United Nations Millennium Development Goals.